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USDCHF Daily Forecast: March 08

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03/07/2010 06:19

USDCHF Forecast
As you can see on my h4 chart below, the USDCHF still trapped in range area of 1.0888 � 1.0640 area indicating consolidation but still in the context of major bullish scenario. The bias is neutral in nearest term and I think the best strategy is to short around 1.0888 or long around 1.0640 with tight stop loss. Break above 1.0888 � 1.0900 area should continue the bullish scenario targeting 1.1000 while a break below 1.0640 should trigger further bearish correction towards 1.0507 area.

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History

03/06/2010
EUR/USD Weekly Review 01 Mar – 05 Mar 10
03/05/2010
EURUSD Weekly Summary: Triple bottom at 61.8% Fibonacci retracement: Bullish reversal?
03/05/2010
EUR/USD Daily Review 05 March 10
03/04/2010
EURUSD Daily Forecast: March 05
03/04/2010
Daily Forecast for Crosses: March 05

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